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Bata India Limited

• On the daily chart, the stock has observed an “inverse head & shoulder” pattern breakout on a closing basis indicating bullish sentiments ahead

• On the daily chart, a series of higher tops and bottoms conforms bullish sentiments

• Rising volumes near support zone 28 January,2022 *Holding period is 3 to 4 weeks. signifies increased participation

• This buying momentum was observed from its 20, 50 and 100 Day SMA which reconfirm positive trend

• The daily and weekly strength indicator RSI is in bullish mode which supports rising strength as well as momentum.

• The above analysis indicate an upside of 2250-2320 levels

Buy Bata India Limited Buy Range: : 2060-2020 CMP: 2080 Upside: 10%-14% Stop loss: 1910

The Andhra Sugars Limited

• The stock is in strong up trend across all the time frames forming a series of higher tops and bottoms

• On the daily chart, the stock manage to hold its earlier breakout zone of 145 levels on a closing basis indicating strength

• The stock is well placed above its 20, The Andhra Sugars Limited Weekly Tech Picks 28 January,2022 50 and 100 day SMA which reconfirm bullish sentiments

• The daily “band Bollinger” buy signals indicate increased momentum • The daily and weekly strength indicator RSI is in bullish mode along with positive crossover which supports rising strength in near term. The above analysis indicate an upside of 170-178 levels

• *Holding period is 3 to 4 weeks.

Buy The Andhra Sugars Limited Buy Range: 154-151 CMP: 156 Upside: 11% –17% Stop loss: 142

Deepak Fertilizers and Petrochemicals Corporation Limited

• The stock has exactly rebounded from its 50% Fibonacci retracement support level of 162 levels

• Rising volumes near support zone implies increased participation

• The stock is sustaining above its 20, 50 and 100 as well 200 Day SMA which reconfirms bullish sentiments ahead. 28 January,2022

• The weekly “Band Bollinger” buy signals indicate increased momentum

• The daily , weekly and monthly strength indicator RSI is in bullish mode along with positive crossover which supports rising strength.

• The above analysis indicate upside of 600-625 levels.

Buy Deepak Fertilizers and Petrochemicals Corporation Limited  Buy Range: 543-533 CMP: 1034 Upside:12% – 16% Stop loss :490

Canara Bank

• On the weekly chart, the stock has decisively broken out past three years multiple resistance zone of 232 levels

• In addition , the stock has also witnessed “rounding formation” breakout indicating positive bias

• Huge volumes at breakout zone implies rising participation near 28 January,2022 breakout zone • The stock is sustaining above its 20, 50, 100 and 200 Day SMA which reconfirms bullish sentiments ahead.

• The daily and weekly strength indicator RSI is in bullish mode along with positive crossover which supports rising strength.

• The above analysis indicate a upside of 265-275 levels

Buy Canara Bank Limited Buy Range: : 235-230 CMP: 239 Upside: 14% –18% Stop loss: 215

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